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20100401
20100430
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Search Results 0 to 37 of about 38 (some duplicates have been removed)
: >> every business day, bank of america lends nearly $3 billion to individuals, institutions, schools, organizations and businesses in every corner of the economy. america-- growing stronger everyday. this is the engine that connects zero emission technologies to breathing a little easier, while taking 4.6 million truckloads off the road every year. bnsf, the engine that connects us. and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> lehrer: air travel across parts of europe was virtually halted today by an erupting volcano in iceland. the sweeping shutdown was the worst since 9/11. it's ripple effects stranded travelers on six continents. we have a report from kylie morris of independent television news. >> reporter: directly under transatlantic flights, the otherworldly ayefiyalla yok
can't have bank of america operating in bankruptcy. you need some kind of resolution authority. you need to be able to step in and take them over. in general you need to have the ain't to keep the financial system from sinking. it's all well and good to say that the federal reserve oversight means -- is an admigd that bannings are too big or connected to fail, and to a certain extent that's true, but as long as you have a way of dealing with it that doesn't involve massive taxpayer bailouts and doesn't involve huge systemic consequences for the economy as a whole, that's a pretty good way of going forward >> brown: mr. wollaston, there are many other parts of this, we can't go through each one, a clearing house to for derivatives, consumer agency-- are they all wrapped up in your sense of overregulating these institutions and keeping them from innovation or holding down credit, ways that would affect them that way? >> no, actually , most important issues are this question of federal regulation, federal reserve regulation of these large financial institution, and incidentally, we're
goldlman sachs and other big banks. there was a big case with bank of america that was more known in public. people were surprised by the goldlman sachs case and i think there was surprise there were no settlements in the works. the s.e.c. is under a new team and trying to show the world post-madoff they can reform themselves. but really, the devil will be in the details as the court case unfolds and it cou be, actually, years and years before any kind of resolutions, which shows how difficult this is. this is dealing with conduct from early 2007, it's 2010 now, and the court case could be 2011 or 2012. four or five years between conduct and resolution and that shows how difficult it is to prosecute these kind of cases. >> lehrer: zach, thank you very much. >> brown: now, to the other news of the day. here's hari sreenivasan in our newsroom. >> sreenivasan: the goldman sachs news rattled wall street after two months of steady gains. the dow jones industrial average lost nearly 126 points to close at 11,018. the nasdaq fell 34 points to close at 2,481. for the week, the dow gained a fraction
of america were found negligent today in a sexual abuse case. a jury in portland, oregon, ordered them to pay $1.4 million to a man who said a scout leader molested him in the early 1980s. punitive damages will be fixed later. the trial was marked by the use of the boy scouts' so-called "perversion files" on alleged pedophiles. those are some of the day's main stories. i'll be back at the end of the program with a preview of what you'll find tonight on the newshour's web site. for now, back to gwen. >> ifill: we continue our spotlight series here in florida focusing on health care. newshour health correspondent betty anne bowser begins by introducing us to four individuals who have been watching the debate closely. >> reporter: florida ranks second in the nation in the number of people on medicare with just about three million enrollees. but americans of all ages are eternally drawn to the sunshine state for its casual way of living. older americans may come to sun city center 25 miles south of tampa. life's easy here. lie by the pool, take in a leisurely came of bridge or kanasta. deand john
think there is no question that in north america the church has responded dramatically and in many cases very effectively in terms of responding to the needs of people who were victimized. and i think whatever is erupting now in ireland and germany and other places in the world, i think they're going to follow the pattern of what the u.s. bishops did here. >> reporter: the archdiocese says the steps taken were man dayed by the u.s. conference of catholic bishops in 2002 and are not a new policy. but speed still surprised many. >> that is a huge change . we'll see how it, you know, proceeds from here. >> reporter: stan current remains skeptical. he first became an advocate for abuse survivors in 2002 while living in boston. >> confronting the church was almost like confronting your mother. there seemed to be denial and just trying to sweep everything under the carpet. >> reporter: he says that after years of trying to comfort victims and demanding the church accept responsibility he finally left the church altogether although he says he is still a devout christian. >> it's really about ha
unacceptable, and no amount of taxpayer-funded temporary census workers can mask the pummeling america's employers are taking from washington democrats' job- killing agenda." but there've also been signs of hope this week in reports that consumers are spending more, and that manufacturing grew in march at its fastest pace in five years. with to help us take a look at the new report and what it tells us about the larger economic picture we turn to glenn hubbard, dean of the business school at columbia university. he was chairman of the council of economic advisors for president george w. bush. and laura tyson, professor of economics at the hosk school of business at the university of california berkeley. she was chair of president clinton's council of economic advisors, and is now a member of president obama's economic advisory board. thank you both for being with us. and laura tyson, i'll turn to you first. how do you read this >> well, i read it as encouraging. but encouraging and moderate. it's encouraging because we have pri employment growth. and actually the revisions to this repo
provided by: >> every business day, bank of america lends nearly $3 billion to individuals, institutions, schools, organizations and businesses in every corner of the economy. america-- growing stronger everyday. >> this is the engine that connects abundant grain from the american heartland to haran's best selling whole wheat, while keeping 60 billion pounds of carbon out of the atmosphere every year. bnsf, the engine that connects us. the national science foundation. supporting education and research across all fields of science and engineering. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> lehrer: there were fresh developments today in several points around the world all critical to u.s. policymakers. margaret warner reports. >> reporter: president obama put foreign affairs back in the foreground this week with a surprise sunday trip to afghanistan. he privately urged afghan president hamid karzai to work h
power the homes and businesses in massachusetts while creating good jobs in america. this will be the first of many projects up and down the atlantic coast which i expect >> ifill: patrick and governors of five other east coast states lobbied salazar to approve the project. >> on behalf of the hundreds of men and women who will build this project, the thousands of massachusetts rate payers who will benefit from stable electric rates, and the millions of americans whose security and prosperity depend on energy efficiency, thank you for this decision. thank you. >> ifill: once built, the farm would look something like this one off the coast of denmark. it would cover 24 square miles-- roughly the size of manhattan-- and have 130 wind turbines, each taller than the statue of liberty. that's 40 fewer than the 170 the developer originally requested. plans call for the site to produce 420-megawatts of electricity-- enough to provide three-quarters of the power needed by cape cod and the islands. >> to be sure, the path to approval for the first offshore windfarm has not be
, jim, the way corporate america works. if he starts winning, if he win this is week, the sponsors will come running back to him. >> lehrer: just like nothing ever happened. >> exactly right. because they want to sell product and tiger woods has always been to sell product. >> lehrer: john feinstein, good to talk to you again, thank you. >> thank you, jim. >> brown: again, the major developments of the day: president obama and russian president medvedev signed an agreement to cut nuclear arsenals by roughly a third. rescue crews in west virginia tried and failed to get into a coal mine where four miners are missing. and new violence erupted in kyrgyzstan, as the opposition claimed it was in charge of the country. the "newshour" is always online. kwame holman, in our newsroom, previews what's there. kwame? >> holman: on the nuclear arms story, we have three views on what the pact means for the u.s. and other countries. there are more details on the new species of hominid discovered in south africa. and on "newshour" extra, a young woman in sudan describes her hopes for the future, t
an account a long time ago with bay bank. >> reporter: four mergers later small bay bank is bank of america. >> when i went into refinance my house a few months ago i saw a clerk who knew nothing but me, nothing about my family. had just arrived into that job from some other state. that is what we're dealing with here. we're not teaming with jimmy stewart. he's dead. >> reporter: village bank ceo ken brennan is trying to impersonate him. without the stammer, of course. >> i'm getting a library card for the new community library. >> reporter: the local library, closed by budget cuts, it's reopening made possible by the support of local businesses including village bank. >> we're very grateful for that support. >> reporter: did you use your library when you were a kid? >> i did. i grew up here. this was my branch library. >> reporter: are you indulging a kind of ceo's prerogative here? >> maybe you could call it that, yes. most of our employees work and live here in the community. their families can take part and use this as well. >> reporter: it was getting a little sweet for a jaded journal
business day, bank of america lends nearly $3 billion to individuals, institutions, schools, organizations and businesses in every corner of the economy. america-- growing stronger everyday. >> this is the engine that connects abundant grain from the american heartland to haran's best selling whole wheat, while keeping 60 billion pounds of carbon out of the atmosphere every year. bnsf, the engine that connects us. monsanto. producing more. conserving more. improving farmers' lives. that's sustainable agriculture. more at producemoreconservemore.com. >> chevron. this is the power of human energy. the national science foundation. supporting education and research across all fields of science and engineering. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> lehrer: the upper big branch coal mine in west virginia remained the scene of anxious activity today. rescuers drilled holes, hoping to vent poisonous gases. befo
. retired army brigadier general clara adams-ender urged congress to mandate changes. >> america is only as healthy as our nation's children. childhood obesity is now undermining our national security, and we need to start turning it around today. for security's sake, we call on the congress to pass a strong child nutrition bill this year. >> sreenivasan: the group also proposed taking junk food and high-calorie beverages out of schools. a bill to overhaul the school lunch program is currently awaiting a senate vote. a high-ranking regional leader of al-qaeda in iraq has been killed. ahmed al-obeidi died in an early morning raid by u.s. and iraqi forces in the northern province of nineveh. he is said to be in charge of al-qaeda operations there and in two other provinces. on sunday night, iraqi and u.s. troops killed the two overall leaders of al-qaeda in iraq. in afghanistan, a shooting incident sparked a new dispute over civilian deaths. nato troops killed four unarmed people in khost province last night. they ignored warnings to stop as they drove toward a convoy. nato said two of the
to trading to a real trading house with banking on the side. america gets to see the real goldman sachs today which is an... a firm that will sell many things to clients, even things even securities that itself doesn't believe in. the argument is, well, it's like someone comes in for an ugly suit, if they want to buy it, we'll sell it to them. store owner doesn't look so great and goldman sachs doesn't come off looking so good today either. >> brown: too say with you on that, greg. they weren't giving much way in their responses in trying to explain what it is they do. what did you make of the responses from the goldman officials? >> well, they were playing rope a dope a little bit. they were taking punches and trying to avoid the big knockout blow. i think they did actually. i don't think that they landed the congressmen laned any kind of knockout blow. goeldman does not come off looking great here. they come off as a firm that will serve clients but not always equally. a firm that sometimes will take a negative bet on the very securities that it is selling to its clients. legally they're in
newshour correspondent spencer michels reports on what's become of america's high tech capital. >> reporter: starting in the 1960s california's silicon valley named for the material used to make most computer chips became the booming technological hub of the country and perhaps the world. companies like apple were selling the future. >> our macintosh is here. the future is better than you expected. >> reporter: this was home to many hot companies and exciting innovations. microprocessors, software, biomedical devices, the internet. smart phones and much more. investments, profits and employment soared. and the valley became known as the engine sparking the u.s. economy. but today there are clouds on the horizon, and the denisons of the valley know it. >> our topic this evening is silicon valley itself. what's happening to silicon valley? >> reporter: russell hancock whose group joint venture silicon valley network co-sponsored a new study of the economic health of the region, hosted a recent radio show with two economists. doug hent ondid the reports's research and laid out the problems. >>
that are large enough that, yes, you're talking bank of america or a wells fargo they're so large that they pose a threat. for example, before the crisis, no one would have thought that bear stearns was on a systemically important list. it isn't merely a matter of their size. it's a matter of the position that some of these trading firms occupy in certain markets. so it's a multilayered problem that's being approached in a simplistic fashion. >> ifill: robert litan, let's talk about size. is that what matters here? >> well, i think it's not just size but it's also the degree of interaction. i think yves was talking about bear stearns, for example, of having too many positions open with respect to other parties. that was one of the reasons, in fact, the main reason, that the government tried to marry it off. so i think actually the dodd bill strikes the right balance. it uses actually two procedures to address this problem. on the one hand, it sends non-bank large institutions into bankruptcy court as a first resort and only as a last resort in case of a national emergency do you end up with the
america took to banking before the depression. that was the approach that america took to lending in the thrift sector before we had the s&l crisis . observers study this believe that to try to break banks up into a lot of little pieces would hurt our ability to serve large companies and hurt the competitiveness of the united states. but that's not the important issue. they believe that it would actually make us less stable. because the individual banks would be less diversified and therefore at greater risk of failing because they would haven't profits in one area to turn to when a different area got in trouble. and most observeers believe that dealing with the simultaneous failure of many small institutions would actually generate more need for bailouts and reliance on taxpayers than the current economic environment >> brown: the president talk today of failure of responsibility on wall street and washington. and i wonder how you see your own responsibility going back to days in the clinton administration, the 2000 act that a lot of people still look to now as having loosen it h
spilled chronicling america's experience in vietnam and how it involved changed, affected americans. and how very little was written about the vietnamese. were you the guy to fix that? >> i would say that i was presented with the opportunity to fix it. and once i had face-to-face meetings with our former enemy and got a better understanding of what they went through on their side of the battlefield, i felt an obligation to record it. >> suarez: were you already in the midst of a journey, a transition, a change in the way that you understood the war? >> i was. i-- with the loss of my brother, i felt a lot of anger and animosity towards the vietnamese. and it wasn't until i returned to vietnam in 1994 with my father to see what we could do to get the vietnamese government to do a joint study on agent orange, and i started meeting with our counterparts over there that it really was a wake-up call for me. >> suarez: here we were, a war involving a rich country and a poor country. a huge country and a small country. what were the vietnamese fighting forces working with? >> they were work
highway out of kandahar. crowds chanted, "death to america," and called for the downfall of afghan president hamid karzai. karzai himself condemned the shooting as a violation of nato's promise to safeguard civilians. in pakistan, local officials reported 41 insurgents and two soldiers were killed when the militants attacked two checkpoints. it happened in the northwest tribal region of orakzai, where an offensive began last month to root out taliban fighters. the u.n. reported today more than 200,000 pakistanis have fled the region to escape the fighting. the political crisis in thailand deepened further today. the election commission ordered the ruling party be dissolved for allegedly misusing campaign donations. and the coffins of 21 anti- government protesters were paraded through the streets of bangkok. they died saturday in violent clashes with soldiers. the prime minister has refused to resign, but today, the army chief appeared to support calls for his resignation. >> if the issue can't be resolved through political means, i understand that the dissolution of parliament has
product that's going to benefit america." >> sreenivasan: more than 100 amendments from both parties were circulating, but none were expected to be debated until tuesday. wall street had a good day. stocks rallied after several major companies posted strong earnings. the dow jones industrial average gained 122 points to close at 11,167. the nasdaq rose 40 points to close near 2,512. florida governor charlie crist announced today he's leaving the republican party to run for the u.s. senate as an independent. crist had fallen far behind former state house speaker marco rubio in the republican primary. the likely democratic nominee is congressman kendrick meek. british prime minister gordon brown appealed to voters today to overlook a major gaffe. yesterday, brown was overheard calling a woman "bigoted" and had to apologize. today, he addressed the issue at the start of the final prime ministerial debate before next week's elections. >> there's a lot to this job and as you saw yesterday i don't get all of it right. but i do know how to run the economy in good times and in bad. when the banks
, as well as by america'sw3 allies, instead of developing different planes for each branch of service. it would be stealthy and could perform a variety of missions, such as bombing heavily defended targets and supporting troops on the ground. it would take off and land in three different ways. the marine corps version would fly off short runways and land vertically. the navy's would fly off aircraft carriers likeç their current fa-18. and the air force could take off from traditional runways like liar f-18. >> there is lots of second order and third order of designing a common family of airplanes. >> reporter: tom is an executive at lockheed martin. he says by sharing common parts and production, the cost to build and operate the airplane could be kept low. >> the whole purpose behind f-35 was toç integrate those requirements and develop a family and lower the total cost of recapitalizing the individual services. >> reporter: the military's current plan is to buy 2443 of the lightning tube for an estimated $333 billion, making it the pentagon's most expensive weapons program. by s
Search Results 0 to 37 of about 38 (some duplicates have been removed)